Housing Wire

SEPTEMBER 28, 2023

in August, according to data released Thursday by the National Association of Realtors (NAR). below the August 2022 level. An index of 100 is equal to the level of contract activity in 2001. Pending home sales, like new home sales, are based on contract signings. All four regions of the U.S.

Housing Market 475

Housing Market Contracts Government Buyers 475

Housing Wire

OCTOBER 31, 2023

In August, pending home sales , existing home sales and new home sales all fell compared to the previous month, as mortgage rates climbed and inventory remained scarce. in September year over year to $394,300, according to the National Association of Realtors. During the first week of June, mortgage rates were at 6.79%.

Inventory 475

Inventory Housing Market Contracts Realtors 475

Housing Wire

OCTOBER 28, 2021

An index level of 100 is equal to the level of contract activity in 2001. Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity,” Lawrence Yun, NAR’s chief economist, said in a statement.

Inventory 417

Inventory Renovations Contracts Buyers 417

Housing Wire

SEPTEMBER 29, 2022

according to data released Wednesday by the National Association of Realtors. An index of 100 is equal to the level of contract activity in 2001. year over year in 2022, to 5.19 According to Yun, limited inventory and almost non-existent distressed property sales have supported home prices, which he predicts will rise by 9.6%

Contracts 395

Contracts Realtors Inventory Marketing 395

Housing Wire

FEBRUARY 28, 2022

On Friday, the National Association of Realtors released its pending home sales data showing a third month of declines. Even though the recent existing-home sales data has been outperforming my expectations , the pending home sales data to me looks more in line with my expectations for 2022. 2022 Pending home sales.

Inventory 407

Inventory Housing Market Realtors Marketing 407

Housing Wire

FEBRUARY 28, 2023

The 2022 housing market was largely characterized by the swift slowdown in demand caused by rapidly rising mortgage rates. year over year in 2022, according to data from the National Association of Realtors , home prices still managed to rise 5.8% Low inventory has propped up home prices in many markets,” she said.

Inventory 407

Inventory Housing Market Contracts Realtors 407

Housing Wire

FEBRUARY 21, 2023

Existing home sales started 2023 right where they left off at the end of 2022, dropping for the 12 th consecutive month. million, according to a report from the National Association of Realtors (NAR) released Tuesday. Inventory remains low, but buyers are beginning to have better negotiating power,” Yun added. from January 2022.

Inventory 370

Inventory Buyers Housing Market Contracts 370

Housing Wire

MAY 10, 2022

As the calendar has turned to May, and the Realtor Legislative Meetings have come to a close, it’s a good time to reflect on research that was released last month and throughout early 2022. The report used real time listing data to show the limited housing inventory and the repercussions to home buyers.

Housing Market 446

Housing Market Realtors Buyers Inventory 446

Housing Wire

SEPTEMBER 22, 2022

Today the National Association of Realtors reported that existing home sales fell once again to 4.80 From NAR Research : “Total existing-home sales notched a minor contraction of 0.4% Total Inventory data fell in this report from 1.31 It doesn’t even look like we will breach the lower level of my inventory wish list of 1.52

Inventory 454

Inventory Housing Market New Listings Mortgage 454

Housing Wire

JULY 27, 2023

After dropping slightly month over month in May , pending home sales ticked back up in June, rising 0.3%, according to data released Thursday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. Home prices will be influenced by how much inventory is brought to market.

Construction 370

Construction Inventory Realtors Housing Market 370

Housing Wire

JULY 29, 2021

in June, according to the National Association of Realtors , which tracks the metric. (An An index of 100 is equal to the average level of contract activity during 2001, the first year examined. million in 2022 from 6 million in 2021. The overall pending home sales index fell 1.9% million.). .

Marketing 437

Marketing Buyers Realtors Real Estate 437

Housing Wire

AUGUST 17, 2023

In my previous article about renegotiating your vendor contracts , I talked about taking an inventory of your systems, providers and contracts so you can work with your vendors to get better pricing. But continuous tweaks like this can keep your business on the right path and mean the difference between profit and loss.

Real Estate 365

Real Estate Contracts Tools Training 365

Raleigh Realty

FEBRUARY 19, 2022

One of the first questions new Realtors have for me is always 'how much money will I make in my first year?' How much commissions you make in your first year as a Realtor will be entirely dependent on you and how much business you're able to generate. What is the average price of sold homes in your area?

Real Estate 158

Real Estate Realtors Real Estate Agent Agents 158

Empire Appraisal Group

JUNE 22, 2022

Florida Realtors economist : In 1Q 2022, half of new Fla. listings went under contract in 12 days – but look beyond that one statistic to see the shift in market speed. ORLANDO, Fla –Florida Realtors market metrics – such as closed sales, median sale price and active inventory – summarize what’s happening in your market.

Marketing 78

Marketing Contracts Realtors Tools 78

Lamacchia Realty

JANUARY 27, 2023

The 2022 Connecticut Year in Review Housing Report breaks down sales, new listings, new pending sales, active inventory, and average price compared to the 2021 market and analyzes what the data means for the current housing market and beyond. In 2022, there were fewer sales in Connecticut than in 2021, down 18.8%

Inventory 53

Inventory Sellers Buyers Real Estate 53

Housing Wire

SEPTEMBER 7, 2023

That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. Attorneys, Realtors and clients are a big part of our repeat business.” There will likely be fewer Realtors, the sales volume will be handled by fewer Realtors.

Buyers 395

Buyers Agents Loan Officers Real Estate 395

Housing Wire

JULY 28, 2022

But they do agree on one thing: Higher interest rates will quell housing demand, which will allow inventory to rebound and, eventually, spur the return of reluctant buyers. Lawrence Yun, chief economist for the National Association of Realtors, doesn’t believe raising interest rates by 75 bps will have an effect on mortgage rates.

Housing Market 304

Housing Market Marketing Loan Officers Buyers 304

Empire Appraisal Group

FEBRUARY 29, 2024

CHICAGO – Homeowners who decline to use a real estate agent to sell their property are twice as likely to say they weren’t satisfied with the selling experience, according to a new survey from Clever Real Estate of 1,000 home sellers in 2022 and 2023.

Sellers 78

Sellers Agents Real Estate Agent Real Estate 78

Housing Wire

SEPTEMBER 26, 2023

Available inventory of homes for sale is on the rise in late September, which is very unusual for this time of year. In fact, inventory is growing faster than this time a year ago. What’s happening with inventory? Normally by this point in September, available inventory is declining slightly each week.

Inventory 487

Inventory Contracts New Listings Mortgage 487

Lamacchia Realty

MARCH 17, 2022

ARE YOU A "WANT-TO-BE" SELLER IN 2022? A lot of people are wondering about how the current situation impacts otherwise normal questions about inventory and when the right time would be to list. Inventory started low in 2020, and then dropped even lower in March 2020 during the stay-at-home mandates.

Sellers 67

Sellers Realtors Buyers Inventory 67

Housing Wire

MARCH 22, 2024

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I We are seeing a healthy increase in inventory, which we really needed.” Smith attributes the uptick in inventory to a bump in new listings. From 2022 to 2023 alone, rates rose 15%.

Insurance 417

Insurance Inventory Marketing Real Estate 417

Lamacchia Realty

FEBRUARY 14, 2024

From low inventory levels to increasing mortgage rates , the real estate landscape has experienced a multitude of changes and challenges over the last several years, leaving many sellers wondering when the “right” time to list would be given current market conditions. At Lamacchia Realty, our REALTORS® do this every day!

Sellers 65

Sellers Realtors Buyers Inventory 65

Empire Appraisal Group

SEPTEMBER 8, 2022

Nowhere in Sight | Florida Realtors. The housing market has taken a few hits, such as a doubling of mortgage rates in 2022, but it remains solid even if legitimate news providers suggest doom and gloom. The housing market is entering the ‘most significant contraction in activity since 2006,’ says Freddie Mac economist” (Fortune).

Housing Market 78

Housing Market Marketing Real Estate New Listings 78

Listing Spark

OCTOBER 13, 2022

How the housing market affects the rest of the economy How to approach the current housing market as a seller Final advice for buyers in the current housing market Are buyers pulling out of contracts at the last minute? 00:02:50] Peaking into the Fall 2022 Austin housing market. Episode highlights. Key takeaways. [00:02:50]

Housing Market 36

Housing Market Real Estate Marketing Buyers 36

Housing Wire

JANUARY 29, 2024

Last week, the National Association of Realtors released their December pending sales data. The headline was an impressive 8% jump over December of 2022. Homes in contract rises There are more homes in contract now than last year at this time. As the year progressed, most of 2023 saw 20-30% fewer home sales than 2022.

Contracts 417

Contracts Inventory Housing Market Mortgage 417

Lamacchia Realty

JUNE 21, 2022

In early March it was becoming clear that the market was changing from a frenzied post-pandemic scene to one where rising mortgage rates would slow it down and help inventory finally rise back up. That’s because fewer homes are being placed under contract. Price adjustments/decreases were up across the country in May.

Housing Market 65

Housing Market Bracketing Marketing Sellers 65

Empire Appraisal Group

JANUARY 11, 2023

But even though mortgage rates and home prices are expected to moderate, home sales may still sag under persistent inventory shortages, housing economists predict. Housing inventory is expected to remain tight in 2023, with housing starts below historical averages and fewer homeowners willing to sell, said NAR Chief Economist Lawrence Yun.

Real Estate 78

Real Estate Marketing Buyers Sellers 78

Lamacchia Realty

OCTOBER 13, 2022

It typically takes 30-60 days for a property to go from under contract to closed. Competition was high, inventory was low, and there were bidding wars happening everywhere. This is much different from the January market example above, and something that sellers should keep in mind when they discuss sale price with their Realtor. .

Marketing 70

Marketing Sellers Buyers Market Value 70

Housing Wire

DECEMBER 13, 2022

The National Association of Realtors predicts there will be 4.78 million existing home sales expected to close in 2022. million existing homes sold in 2022 already represent a 16% year-over-year decrease and the lowest number of existing home sales since 2014. annual increase in 2022. from the 5.13 to $384,500.

Realtors 407

Realtors Mortgage Housing Market Real Estate 407

Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday.

Mortgage 417

Mortgage Real Estate Inventory Construction 417

Housing Wire

NOVEMBER 21, 2022

The forecast for the housing market is expected to get gloomier next year before rebounding to 2022 levels in 2024. million in 2022 before dropping to 4.42 trillion in 2022. trillion in 2022. million, according to the National Association of Realtors. million in 2023 and then climbing to 5.25 million in 2024.

Contracts 383

Contracts Government Mortgage Buyers 383

Hank Miller Team

NOVEMBER 4, 2022

The industry lives on agent fees; realtor local-state-national fees, license, desk, MLS, training, advertising, etc etc and any sales are gravy. During Covid, the agent population soared to record highs, over 3 million in early 2022. That’s insane given the reduced number of transactions completed mid 2020 – mid 2022.

Buyers 40

Buyers Real Estate Agent Agents Real Estate 40

Housing Wire

JULY 24, 2023

Last week the National Association of Realtors (NAR) reported that existing home sales declined in June to an annual rate of 4.2 Pending Sales There are now 378,000 single-family homes in contract. There were 68,000 new contracts for single-family homes this week. Homes typically take 30-45 days in contract.

Inventory 370

Inventory Contracts New Listings Buyers 370

Housing Wire

DECEMBER 19, 2022

Also helping buyers is an increase in housing inventory, Ridenour Lindsey said. “It It is hard to tell if more homes are being listed or if things are just sitting a bit longer, but there is definitely more inventory,” she said. Since then, prices have cooled considerably, dropping to a median of $605,000 in August 2022, just 1.0%

Marketing 406

Marketing Inventory Buyers Housing Market 406

Housing Wire

JANUARY 19, 2024

from December 2022 to $382,600 – the sixth consecutive month of year-over-year price increases. Remember, with median sales prices and inventory, it’s very seasonal. However, remember, the dive in inventory is normal at this time of the year. from December 2022 ($366,500). Sales faded 6.2% from the previous year.

Housing Market 469

Housing Market Inventory Contracts Marketing 469

Housing Wire

OCTOBER 21, 2021

in September after waning in August, according to a new report National Association of Realtors released Thursday. The gain in existing home-sales in September reflects contracts signed earlier in the summer,” Mike Fratantoni, MBA SVP and chief economist said in a statement. Existing-home sales rose 7.0% from a year ago.

Inventory 407

Inventory Buyers Realtors Contracts 407

Housing Wire

OCTOBER 12, 2022

trillion in 2022, a $78 billion decline from last month’s forecast. million, according to the National Association of Realtors. million in 2022 and 3.93 annualized in the third quarter of 2022 due to strong net export and inventory investment activity, before contracting 0.7% from a year ago. .

Contracts 417

Contracts Modernization Housing Market Mortgage 417